Even Bush doesn't want to go down in history as the man who oversaw the destruction of GM, Ford and Chrysler (I hope), and I'd guess Obama wishes he could install his own new team now and fire Paulson.

Late last night, Senate Republicans derailed a bill, passed the day before by the House, to loan $15 billion to the Detroit Three, with 10 Republicans joining 40 Democrats and two Independents in favor.

It's always nice to own part of any failing automotive giant from the last century, if the companies are still not viable three, six or even twelve months from now, what will taxpayers' ownership be worth?